The report, “Fluoropolymer Coatings Market by Type (PVDF, PTFE, FEP, ETFE, Others), by End User Industry (Food Processing, Chemical Processing, Electrical & Electronics, Building & Construction, Others), by Region- Trends & Forecasts to 2019” defines and segments the Fluoropolymer coating market with analysis and forecast of the market size.
The Fluoropolymer Coatings market is estimated to reach $1,534.30 million by 2019, signifying firm annualized growth of 6.36% between 2014 and 2019.
Asia-Pacific – The biggest market of Fluoropolymer Coating
Fluoropolymer coating systems are prepared from fluoropolymer resin such as PTFE, PVDF, FEP, ETFE resin. The coating system consists of fluoropolymer resin along with binder resins, solvent, pigments and additives. The ratio of these components in the system dominates the characteristics of coatings and they are unique and proprietary for each coating manufacturer.
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Building & Construction Industry – The fastest-growing consumer of fluoropolymer coating
PVDF based coating systems are highly durable coating systems extensively used for coating architectural aluminum surfaces as well as post-formed steel sheets (metal coils). PVDF coatings constitute 15.03% of the overall consumption of fluoropolymer coating. PVDF coatings have been widely accepted in building & construction industry because of low maintenance cost, gloss and color retention and stain resistance properties. PVDF coatings also possess excellent coating tensile strength and elongation, which enables them to bent and roll without causing damage to the coating or loss of protection to the metal substrate.
China and the U.S. are at forefront of fluoropolymer coating consumption, while Italy, Japan, and the Germany are other key markets for fluoropolymer coating consumption. China is the key market in Asia-Pacific, consuming more than half of the demand for fluoropolymer coating, followed by Japan, South Korea, and India where consumption is growing at a steadily. Increase in the consumption of fluoropolymer coating for food processing, chemical processing and electrical & electronics has been observed in Asia-Pacific due to continued industrialization and rise in the manufacturing sector of the region. Building & construction is projected to be the fastest-growing end-user segment followed by electrical & electronics between 2014 and 2019. The increasing environmental legislations are slowing the growth of fluoropolymer coating. The use of fluoropolymer coatings is increasing due to demand of durable and high performance coatings throughout the world. Processors, manufacturers and builders alike want to reduce their maintenance cost and increase the life of their equipment or buildings. Moreover, fluoropolymer coatings allow for a better performance of equipment with cheaper investment as against the same operation in processing industries by expensive alloys.
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